New Zealand Locks Down Second City as Virus Spreads

The video discusses New Zealand's ongoing efforts to maintain a COVID-0 strategy amidst an outbreak, focusing on the strict lockdown in Auckland. It highlights the uncertainty surrounding the lifting of the lockdown due to new cases outside Auckland. Additionally, the video explores the implications of these lockdowns on monetary policy, particularly the potential impact on interest rate decisions by the Reserve Bank of New Zealand (RB&Z). The uncertainty of the situation makes upcoming policy decisions more complex.

What strategy is New Zealand pursuing to combat COVID-19?

• Partial lockdowns

• Herd immunity

• COVID-0 strategy

• Vaccination only

What recent event has caused uncertainty about lifting Auckland's lockdown?

• Economic concerns

• A decrease in COVID-19 cases

• The discovery of cases outside Auckland

• A new vaccination campaign

Who is responsible for deciding on Auckland's lockdown status?

• The World Health Organization

• The Prime Minister and her cabinet

• Local health authorities

• The Mayor of Auckland

What is the general expectation regarding interest rates in New Zealand despite the lockdown?

• Rates will be raised

• Rates will be abolished

• Rates will remain unchanged

• Rates will be lowered

What happened at the last Reserve Bank of New Zealand meeting in August regarding interest rates?

• Rates were raised

• Rates were lowered

• Rates were held

• Rates were abolished